Kenya launches multi-billion Chinese-backed railways
Kenya authorities on Tuesday launched a multi-billion a Chinese-backed railway with a first trip from the city of Mombasa to capital Nairobi. In his official […]
Business
Djibouti opens new 690-hectare mega port
Djibouti has opened the country’s latest mega port with world-class facilities and equipment on Wednesday. The $590 million Doraleh Multipurpose Port designed by China and […]
China to rebuild Gabon’s new parliament
China will rebuild the Gabonese National Assembly headquarters destroyed during post-electoral violence in the central African nation. Local media indicated that Chinese authorities have agreed […]
South Africa: General Motors to cut 600 jobs
Some 600 workers out of 1,500 at General Motors in South Africa will lose their jobs by July after a decision last week by the […]
Kenya seeks additional $3.5 billion loan from Eximbank
The Kenyan government is seeking additional $3.5 billion loan from China Eximbank for the construction of the Nairobi-Mombasa railway line, local media reported. This additional […]
Morocco, Nigeria Turning Africa’s Dreams into Reality
Morocco and Nigeria, two major African regional powers, are enhancing their strategic alliance in a bid to turn the cherished African dreams into tangible reality. […]
Sierra Leone’s 706-carat diamond auction fails in Belgium
Sierra Leone government on Thursday fails to sell one of the world’s largest diamonds at an auction in Belgium. The large stone of 706-carat was […]
Tanzania: John Magufuli pushes for mining companies reforms
Tanzania’s ‘Bulldozer’ John Magufuli on Tuesday announced plans to enforce a new rule requiring mining firms to list on the Dar es Salaam Stock Exchange […]
Germany pushes for private investment in Africa
The German government is moving to boost private investment in Africa, Finance Minister, Wolfgang Schaeuble, told reporters in Washington during the Global Infrastructure Forum. According […]
AfDB questions Africa’s annual $35bn food importation
African Development Bank’s president, Akinwumi Adesina on Thursday lamented the negative effects that huge food imports had on the African continent. Speaking at the Center […]